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The fund has $693,229 in total assets. If the fund’s annual losses stay the same, it would run out of money in 12 years without these subsidies.
The fund earned $254 in investment income and other revenue in 2018. At the same time, it paid out $60,515 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.
Taxpayers added $62,223 to the fund’s revenue last year – an amount that has increased from $33,351 five years ago. Members contributed an additional $6,146 – $803 less than five years ago.
In all, subsidies amounted to $68,369 in 2018.
Northwest St. Clair County FPD Firefighters Pension Fund non-subsidy revenue over five years
| Year | Total non-subsidy revenue | Total expenses | Outcome without subsidies |
|---|---|---|---|
| 2018 | $254 | $60,515 | -$60,261 |
| 2017 | $13,708 | $58,316 | -$44,608 |
| 2016 | $5,462 | $24,727 | -$19,265 |
| 2015 | $18,368 | $2,740 | $15,628 |
| 2014 | $17,473 | $1,750 | $15,723 |
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